Wednesday 30 of January 2013 at the Institute of International Relations and Economic Cooperation headquarters was held the first conference of 2013: The evolution of Romanian economy in 2013. The aggravating crisis!

Beggars on the street of Romania: a sign of failed economic policy

The conference has joined economical experts from Romania and European Union, economical supervisors and personalities of political, economical and academic life of Romania.

2009- 2012 –the first period of crisis.

The conference started with an evaluation of the impact of economic crisis in the last period: 2009-2012.

In 2009 the economic crisis has affected the vital areas of economic life: the collapse has started with construction industry and construction material factories and collapse continued by the real estate market shrinking. Others affected sectors where: insurance, banking and stock exchange and in all the financial sector was strongly shaken down. The consumer confidence has fallen sharply and the Gross Domestic Product (GDP) has being reduced with 10% in 2010 and 8% in 2011.

The decrease in Romanian economy has being so devastating that now we are below the 2000 level. Unfortunately the economic collapse of 2010-2012 has laid the foundation for a crisis without equivalent in Romanian history that will affect the country in 2013.

2011-2012: The period of economic earthquake.

2011 and 2012 will be remembered as the worst years of economic turmoil in Romania, had appreciated in one voice all the experts present at the gathering.

First of all the 2011 has being the year in which the Romanian economy had collected all the hard hits from all the economic collapse of the last years. The financial system has being especially hard hit and this had made the fragile Romanian economy to reach the breaking point. The inflation had resurfaced and the experts appreciate that a 10% percent yearly inflation is unavoidable.

The resurgence of inflation had put a dramatic pressure on population economy and had made any recovery unthinkable for the next 4-8 years.

The collapse in economic system, the internal and external investments had being reduced to minimum, the credit on internal market has being practically suspended and all this had provoke for 2012 an economic decrease of more than 15% of GDP or even 18% of GDP after others opinions. A factor not to be neglected in amplification of the crisis is the governmental incompetence that by increasing the taxes, legislative chaos and a deliberate politics of destroying the middle class investors in the favor of big companies all did nothing ells than to aggravate the economic crisis.

2013 – European economic crisis will impact hard on Romania.

The 2013 will be a decisive year to on how will be affected the Romanian economy by the European meltdown.

Until now the Romanian economy was hit hard by his own faults like: reduced productivity and competitiveness, chaos in the governmental policy, crippling inflation etc. In 2013 Romania will be affected by the decay in European economic activity.

Crisis hit Spain, Greece, and Ireland and slowing down economy of Germany, France and Great Britain, will impact negative on Romanian chances to get access to European funds and foreign investments.

Romanian economy and policy maker are not yet conceptual prepared to understand that Romanian EU membership had became a liability and a negative factor in the future of Romania, appreciated the representative of Foreign Export Company Association Mr. Marcel Alexandru.

The negative impact of European Union financial and confidence crisis will account for a 2-5% percent reduction in Romanian GDP this year.

2013 will be without a doubt a period of a new catastrophic decline. It must be very clear, all economic experts underlined, that the present economic decline will last for at least a decade at European level, so all those opinions that declared that Romania will start a new economic growth before the next 10 years; either don’t know what they are saying, either is bluntly laying.

All the European statistics are speaking about the lost decade of Europe between 2010 and 2020 , term referring to the blocking of economic development at continental level and the frozen of present situation for a decade.

Those that are declaring that Romania will surpass the period of recovering of France or Great Britain economy , are telling stories that are unbelievable , stated chief economist- Mihail Racaceanu. What is important is to succeed that we have in 2013 a decrease in real economy of less than 10% and in the interval between 2013 and 2018 to stop the decline and in 2020 to come back to pre-crisis level.

Homeless and hungry in Great Britain. How EU crisis will affect Romania ?

2013 budget- a budget of economic decline.

In 2013 the Romanian economy is coming to the fore not only with the negatives trends of the last years and a crippling inflation but also with a budget of austerity that will direct Romania to plunge into a new economic meltdown.

The 2013 budget is the first budget in the eight year period that is not approved prior to 1-th of January, a negative record that is impacting Romanian economic stability and is giving a sign of chaos in the government economic policy.

The budget expected deficit of 2, 4% percent of GDP it not offering any chance for a real economic recovery, massive investment projects are abandoned and the decline in the economy is estimated by independent economist around 8-10% percent of the GDP by the year’s end.

What is dramatic is the reduction in the direct investment in the economy, with less than 8 billion euro investment planned for this year the Romanian economy had to struggle for sustainability. Reduced foreign investment and dramatically shrinking internal private investment means that Romania will have now more that 10 billion euro (in an optimistic assessment) for investment programs. The country needs at least 20 billion per year to modernize the economy and to have a decent growth rate of 1-2% percent per year. He present day budget is not only of severe austerity but of severe contraction stated the economists present at the meeting.

Romanian economy recover postponed to 2050.

This assessment was a strong one, keeping in mind that the pre-crisis governmental statistic declared that in 2025 Romania will succeed in recuperating the gap and reach the level of industrial activity prior to 1989 Revolution.

This perspective is no longer feasible, a new perspective is appearing after the crisis and after the lost decade and a cumulative GDP decrease of more than 60% from 2007 economy level.

This economic recession will be hard to recuperate in the context of zero governmental involvement, the general economic climate of recession and finally the worst factor of all: the burden of external debt.

The resurgence of inflation will put a dramatic pressing on population economy and will make any recovery unthinkable for the next 1-2 years. The collapse in economic system, the internal and external investments will be reduced to minimum, the credit on internal market will be suspended and all this will provoke next year an economic decrease of more than 15% of GDP or even 18% of GDP after others opinions. A factor not to be neglected in amplification of the crisis in the governmental incompetence that by: increasing the taxes, legislative chaos and a deliberate politics of destroying the middle class investor in the favor of big companies all did nothing ells than to aggravate the economic crisis.

External debt risk can plunge Romania into financial meltdown.

The fear factor that will suffocate Romanian economy in the next period will be, after 2015, the foreign debt crisis.

The Emil Boc government has careless accepted more than 36 billion dollars credit and in total the private and state debt of Romania is reaching the unbelievable sum of 95 billion dollars, this only if the government will no longer accept new loans.

In 2012 the Mihai Razvan Ungureanu government succeeded in just a few months to reduce the National bank Reserves by 20 billion euro, an unprecedented squandering of public money in Romanian history.

Despite the writing on the wall, in all of cases like Greece, Spain and Ireland, Romania is accepting new loan from International Monetary Fund, loans that will not be invested in developing and modernizing the economy but in salaries and pensions. This consumer invested loans at extortionate interest rates will suffocate completely an ailing and failed economy as Romanian economy is.

Unemployment: with a rate of registered unemployment of more than 12% of the active population and with another 15% percent of the population already left out of the governmental unemployment aide, Romania tops many EU member countries with a real unemployment figure of more than 25% of the population. This figure must be put in perspective with more that 50% of the population below the poverty line and the full picture of the economic meltdown and social tragedy could be analyzed. Romania economy is in crises and no plans for a future development had not being adopted.

2013: The worsening of economic crisis.

The conclusion of the most important economic experts of Romania was clear: the crisis is not over by far, but has entered in a more difficult faze that will affect financial and banking system and economic fundament`s. The economic crisis will continue until 2017 at the earliest and a coming back cycle that will last until 2025. This decade will be without a doubt the lost decade of Romania but if the necessary measures are not rapidly taken to re-establish control on economic decline than we risk that Romania economy will not come back not even in 2025.

We are living through difficult and boisterous time. A period of rapid changes in world economic and political system, a time of powerful crisis that is shaking the fundaments of national states and of national economies and is putting under strain the social protection and all the values of economic neo-liberalism.

In this chaotic period, just a few nations are allowed the luxury of economic and political long time forecast and predictability: China and United States are creating and proposing to their people and foreign partners a long term vision of development and national statehood construction.
In a time of peril and un-certitude, when even a short time economic prediction is considered hazardous, just a few nations are having the will to act as beacons of lights and direction for their region.

In 17th of December 2012 Kazakhstan had enter to this select club of nations, conscientious of their role and position in the continental and world stage by presenting an ambitious, realistic and well carved plan for future of Kazakhstan until 2050.
By the voice of his President, Nursultan Nazarbayev, Kazakhstan had created the prototype of a long term, healthy and stable construction model for the country, the region and the world.

Kazakhstan 2030: weathering the storm and creating a nation.

Kazakhstan it is not at the first step in a managed transition towards a stable and democratic society and a powerful economy.
In 1997 Kazakhstan had already carved the landmarks of his astonishing development by the presidential strategy- Kazakhstan 2030.
Far from being just a window dressing, the strategy for 2030 had proved to be a perfect way for charting Kazakhstan after the independence in the incertitude of nation building and construction of a viable economy.
The program had allowed Kazakhstan to tap into national reserves of oil and gas, to gush out of the enclave country status via the reconstructed Silk Road of energy and trade, to create a modern economy, not depending only on energy resources, to build a huge potential of national intelligence and to foster the economy of knowledge, the base for a XXI century reliable economy.

The long string of economic successes was accompanied in the internal sphere by political stability, based on democratic and open society values, the protection of national and religious minorities.
In the area of external policy, Kazakhstan had gather the powerful laurels of a successful reform project carried out during his Presidency of Organization for Security and Cooperation in Europe. An impressive success was also the unprecedented two year chairmanship of Organization of Islamic Conference that transformed Kazakhstan in a leader of dialogue between Islam and Western world.

The latest major diplomatic achievement of Kazakhstan was the proposal of building an area of security and cooperation in Europe and Asia, launched in September 2012, in Astana, at CICA Conference by President Nursultan Nazarbayev. This latest proposal makes Kazakhstan the promoter of an all-inclusive, intercontinental dialogue, that could transform the political landscape of XXI century.
In the end, Kazakhstan 2030 had proved to be not only a successful strategy for Kazakhstan, but also an example for all the countries of the world on how a nation by the sole fact of building himself, can become a regional and world significant player.

The main pillar of Kazakhstan 2050: understanding of XXI century.

In its world acclaimed book: The Seven Pillars of Wisdom, the famous Lawrence of Arabia had mentioned that: the most important, but also decisive part of a plan is to be in line with the necessity of his time.
Kazakhstan 2050 starts by outlining the fundaments of the world in XXI century. A period of change, of accelerating history, of economic, political and ecological challenges, a world completely different from the world of XX century.
Instead of training to force the reality to enter in the realm of possibility, Kazakhstan 2050 is offering a realistic and practical assessment of the necessities of today world and of the available solutions.
Fallowing his long term tradition, Kazakhstan understands that creating a success story and offering solutions to the world is the best way to serve not only his interest, but also to add value to his place in the world.
Kazakhstan 2050: good news for people of Kazakhstan.

Kazakhstan had become in the last 20 years an abode of peace, inter-ethnic and inter-religious understanding in a troubled world. One of the explanation is undoubtedly the economic success that made the Kazakhstan not only one of the fastest growing economy in the world, but also a top investor destination in the world economy statistics.

Kazakhstan 2050 is providing the basis for this healthy economy to continue his growth process. Investing in social protection and creating a strong internal demand are key factors for a stable rate of growth. Modernizing the economic potential, investing in new technologies are policy that will insure the world competitiveness of Kazakhstan national economy and the creation of a knowledge based economy are also a profitable long term investment.

The modern economy is based on technological transfer and Kazakhstan is becoming a champion in modernizing the basis of his economy via technology transfer and more important, Kazakhstan educational system mixed with the accent on entrepreneurship in economic development is creating the base for a managerial revolution, that will put Kazakhstan among the top economy`s of the world in term of creativity and intelligence incorporated in economic production.

Extremely interesting it is also the concept of a Kazakhstan patriotism. Instead of playing the card of nationalism or chauvinism, President Nursultan Nazarbayev is calling for the tradition, language and equality to blend into a new and successful Kazakh: a person well educated, wealthy , healthy enjoying the benefits of a modern state and administration and a state of the art medical system.
Kazakhstan is promising to put at the core of his foundation plan for 2050 the individual and his chances to prevail in a complex XXI century.

From Kazakhstan to the world. From world to Kazakhstan.

One of the keys of Kazakhstan national and international success was understanding that Kazakhstan could not evolve alone in the world, but always must stay in touch and be an intricate part of the world evolutions. There are many examples that support this conjecture in Kazakhstan two decades of independence story.

Kazakhstan economic miracle was built on partnership with western companies and oil extraction technology, but also on political negotiation with Russia on Caspian Sea exploration.
The Astana Expo 2017 will also be a proof of the lesson of mutual profit that Kazakhstan is offering to the world. Kazakhstan management of energy, the lessons of ecology and energy for a future, of environment protection, are going to be beneficial for the world economy and for the generations to come. This is just a new illustration of the Kazakhstan concept of successful quest for global significance.
Kazakhstan economic development had transformed the country in a major player in the development of Asia and Europe. Kazakhstan 2050 promises to continue this wise policy: from Kazakhstan to the world, from world to Kazakhstan, creating a synergy that could only beneficial for all the world nations.

Now the lessons of Kazakhstan 2050 are available for everybody: an example of a society of free people building a country for the future, not in isolation or competition, but in harmony with the world nations. In the concert of nations Kazakhstan is ushering in a new tone: a tone of hope.

On 22 September 2011 it was unveiled the latest European standards clinic: Lara Life Med and it was publicly signed the partnership in providing high quality medical services between Lara Life Med and MedNord Klinik from Munich.

The presentation was enjoyed by a huge assistance of personalities of medicine research and practitioners, journalists, business men, members of Lara Life Med administration board and in the presence of diplomatic corp accredited to Romania and with special presence of ambassadors accredited to European Union.

Mrs. Laura M. Ciuhu – General Director and stockholder of LARA MED LIFE CLINIC receiving the prestigious title of official partner of Institute of International Relations and Economic Cooperation

On this joyful occasion Mrs. Laura Ciuhu , director of prestigious Lara Life Med Clinic had presented the main tasks on future agenda of development of this impressive medical project including: importing latest generation equipment , providing top quality medical assistance and in the near future opening an european standard hospital.

On this occasion Mrs. Laura Mihaela Ciuhu had received the international and diplomatic recognition of high quality standards of services rendered by Lara Life Med, by receiving the official quality title of diplomatic partner of Institute of International Relations and Economic Cooperation of Romania.

The Director of Institute of International Relations and Economic Cooperation of Romania, Professor Dr. Anton Caragea had presented the reasons for awarding the prestigious title and encouraging distinction for lofty initiatives to Lara Life Med Clinic.

Lara Life Med is representing a high standards in medical world by service provided , by large area of medical specializations and by latest medical technology amalgamated in the project and by providing support for Romanian medical school development , had underlined among the reasons prof.dr.Anton Caragea , director of Institute of International Relations and Economic Cooperation.

For now one has announced prof.dr.Anton Caragea , Lara Life Med will be included in diplomatic presentations tours of Romania , in programs of medical exchanges and in institutional exchanges and by being presented as a first hand diplomatic partner in fostering a favorable image of Romania.

Professor Dr. Anton Caragea, Director of Institute of International Relations and Economic Cooperation, holding the opening speech of LARA MED LIFE CLINIC -the most modern medical project in Romania

The emotional ceremony of bestowing the title of official partner of Institute of International Relations and Economic Cooperation of Romania to Lara Med Life was followed by the high quality medical lecture offered by Prof.dr. Norbert Pfuetzenreuter who based on impressive image and eloquent description emphasize the progress of endoscopic surgery, minim invasive, that are allowing to patient a quick health restoration and a rapid return to normal life (no blood loss, no major trauma etc.)

Prof.dr. Ralf Senner had presented in his outstanding report on morbid obesity treatment and collateral affections, that had offered hopes to hundreds of romanians in difficult situation today.

An impressive moment was also the testimony of Beppe Iuliano , creator of success business and institutions, that prevailed over his personal drama of a poliomyelitis that left irreversible trauma`s and became a man with a valuable contribution to society.

His example had raised the audience for a standing ovation for a lesson on courage and will, offered by Beppe Iuliano.

Finally a video presentation of the latest medical gadgets operating in clinic had aroused the curiosity and enthusiasm of the audience who understood that Lara Life Med is beyond doubt a european level clinic that is providing to Romanians the opportunity of high quality medical care.

The ceremony of inauguration of Lara Life Med was held under the High Patronage of Institute of International Relations and Economic Cooperation of Romania.

Breaking News

On 15 July 2016 H.E. Professor Dr. Anton Caragea has received his official nomination as GLOBAL AMBASSADOR OF TOURISM in addition to the 2014 appointment as GOODWILL AMBASSADOR FOR WORLD PROTECTED AREAS AND NATURAL PARKS
---------------------------------

The Kingdom of Cambodia had received the official visit of Professor Dr. Anton Caragea high-ranking delegation in a joint effort to boost the friendship and dialogue on international stage.

The visit was inscribed in the bilateral decision to uphold the rapid development of the cultural, trade, economic and political ties.
---------------------------------

Between 22 May and 29 May 2015, H.E.Professor Dr. Anton Caragea has lead an official Monitoring Mission for Kazakhstan Early Presidential Elections
---------------------------------
Between 28 May and 7 June 2014 H.E.Professor Dr. Anton Caragea has lead an official European delegation to Republic of Zimbabwe and had assisted to World Best Tourist Destination Ward Ceremony for 2014.
H.E. Professor Dr. Anton Caragea was congratulated for his instrumental role in promoting Zimbabwe candidature for hosting World Best Tourist Destination for 2014.

--------------------------------
Between 25 November to 2 December 2013 H.E. Professor Dr. Anton Caragea was invited for an official working visit to United Arab Emirates on the occasion of the 42 anniversary of UAE National Day.
H.E. Professor Dr. Anton Caragea was congratulated for his instrumental role in promoting Dubai candidature for World Expo 2020.
----------------------------------

Between 30 October to 4 November 2013 His Excellency Professor Dr. Anton Caragea has being invited by Minister of Foreign Affairs of Azerbaijan to attend Baku International Humanitarian Forum 2013

BEST FASHION CREATOR-GENTLEMEN'S CORNER
GENTLEMEN’S CORNER was recognized as the OFFICIAL DIPLOMATIC PARTNER for the high quality products and innovative fashion design. THE GENTLEMEN’S CORNER is the recommended address for high fashion and elegance!

Blackseanews
Blackseanews is the leading news agency and information sourse for Balkans, Eastern Europe and Middle East

European Council- EUCIR
European Council on International Relations is the leding European Union think tank and center for diplomatic activity

EUROPEAN JOURNAL OF TOURISM
European Journal of Tourism is a regular publication of European Council on Tourism and Trade destined to disseminate information`s about World Best Tourist destinations, European tourism statistic, evolution`s, laws, regulations and main event`s. Europe

EUROPEAN TOURISM AWARDS
EUROPEAN TOURISM AWARDS are the special prizes carved by European tourism industry representatives in recognition of the countries and tourism agents that are promoting the ideal of free, ethical and ecological oriented tourism in the world.

EUROPEAN UNION COUNCIL ON TOURISM AND TRADE
EUROPEAN COUNCIL ON TOURISM AND TRADE is the EU organization responsabile for promoting overseas destinations for EU tourists and promoting investment in European Union and outside EU

PANCIU HOUSE
PANCIU HOUSE is the official diplomatic partner for Institute of International Relations and Economic Cooperation for 2013/2014. PANCIU HOUSE is producing silent and sparkling wines of irreproachable qualities, highly recommended for quality events.

ROMANIAN DIPLOMATIC BULLETIN
Romanian Diplomatic Bulletin is a trimestrial publication reflecting the diplomatic activity of Romania. Romanian diplomatic Bulletin is published by Institute of International Relations and Economic Cooperation

STRAIGHT FROM THE FARM
STRAIGHT FROM THE FARM is offering to his clients the necessary ingredients for a healthy life: products without chemicals, additives. The STRAIGHT FROM THE FARM products can be easily ordered, quickly and cheep and they will bring health and nature dir

WILD TIME
WILD TIME is the official partner of Institute of International Relations and Economic Cooperation for 2012-2013. WILD TIME is the main organizer for thematic tourism based on preservation of national beauties and natural protected areas.

WORLD CAPITAL OF CULTURE
WORLD CAPITAL OF CULTURE is one of the highest honor in tourism and cultural tourism awarded to special cities that are complying with UNESCO and European Union Council on Tourism and Trade (ECTT) principles on cultural tourism and historic preservation o

WORLD TOURISM NEWS
WORLD TOURISM NEWS is a site dedicated to rapidly and promptly inform tourist, stakeholders in touristic industry and all the people that love to travel about the latest development in world tourism.

President Professor Dr. Anton Caragea will open in the luxurious setting offered by Myanmar`s new capital Nay Pyi Taw the ceremonies for WORLD TOURISM CONFERENCE 2019.The WORLD TOURISM CONFERENCE 2019 opening will be officiated by Myanmar`s Vice-President Academician U Henry Van Thio, State Counsellor Daw Aung San Suu Kyi, President Dr. Anton Caragea and Min […]

2019 had come with a novelty for diplomatic corps friends of The Institute of International Relations and Economic Cooperation (IRICE) who got a double invitation to the DISCOVER ROMANIA PROGRAMME, first time with the summer 2019 trip centered around VRANCEA country and PANCIU Domains and now with a second autumn invite for a trip to Danube Delta. The DISCO […]

On July 12, 2019 THE DOMENIILEPANCIU owner and president Mr. Daniel Guzu was decorated as the CREATOR OF 2019 DIPLOMTIC WINE OF ROMANIA.The news comes in the wake of eight months of successes when the DOMENIILE PANCIU wines obtained powerful recognitions during Brussels Wine Competition snatching the top prizes against more than 9000 competitors worldwide.Th […]

Vrancea County will be at the center, for the first time ever, of THE DISCOVER ROMANIA 2019 summer trip of Institute of International Relations and Economic Cooperation (IRICE).DISCOVER ROMANIA is a programme destined to acquaint diplomats and international friends of Romania with the country historical patrimony and leisure opportunities and destinations. […]

World Elections Monitors Organization-WEMO invites members of European Parliaments, from all over Europe to apply as Observers for our upcoming Election Observation Mission to the European Parliament elections. It is expected that 500 members of European parliaments will take place in the largest diplomatic exercise ever governed by the international electi […]

According to the instructions of World Elections Monitors Organization for the organization of monitoring mission to the European Parliament elections, republished and with subsequent amendments and supplements, the World Elections Monitors Organization has presented to EU media a series of administrative–organizational tasks in the context of the preparatio […]

President of European Council on International Relations Professor Dr. Anton Caragea was the first world leader to offer his congratulations to H.E. Academician Hun Sen, Prime Minister of Cambodia after the landslide victory that confirmed him to retain premiership for another five years. President Professor Dr. Anton Caragea to Prime Minister Academician Hu […]

Prime Minister Abdoulkader Kamil Mohamed on Thursday raised Professor Anton Caragea, President of the European Council of International Relations, to the rank of Commander in the National Order of 27 June. The decoration was destined to mark the nation`s gratitude for the global exertions of President Dr. Anton Caragea in supporting the principles of: indepe […]

August 15 - Cambodian People's Party, ruling party of Cambodia led by Prime Minister Hun Sen, triumphed overwhelmingly in late general election 2018 held on 29 July 2018, taking all the 125 seats in the National Assembly, National Election Committee announced Wednesday. In the official results of July's elections, the NEC said the CPP won 4,889,113 […]